Author: Benjamin Lee
A popular market analyst known for his timely crypto calls says that the astronomical altcoin gains of the last cycle are probably never going to happen again. Pseudonymous trader Pentoshi tells his 858,600 followers on the social media platform X that altcoins now have less potential to print the same level of gains seen in 2017-2021 because the market has significantly expanded and the total market cap started at a much higher level this cycle. “Well some updated thoughts. I think for alts, we will never see a run like 2017-2021 again. But I also said that previous to this…
Mastercard is announcing a new partnership with Ondo Finance (ONDO) that will see the project join the credit card giant’s Multi-Token Network (MTN), a blockchain that links commercial banks and digital assets. In a new press release, Mastercard says it is joining forces with the real-world asset (RWA) tokenization protocol because the firm believes blockchains are the future of business-to-business transactions due to their efficiency. “Blockchain technology has the potential to transform the way businesses pay one another. Even in 2025, the complex work of settling the world’s business transactions sometimes requires waiting several days as banks communicate and sync…
Bank of America, one of the largest financial institutions in the US, is planning to launch its own stablecoin, according to its CEO. In a new interview at the Economic Club of Washington, D.C., Bank of America CEO Brian Moynihan says they intend to launch a stablecoin once laws change to allow it, Fortune reports. Says Moynihan, “It’s pretty clear there’s going to be a stablecoin… If they make that legal, we will go into that business.” Laws allowing financial institutions like Bank of America to launch stablecoins are expected under pro-crypto US President Donald Trump, who took office in…
A crypto whale is booking millions of dollars in losses after a long position on the Official Trump (TRUMP) turned against him, onchain data reveals. According to blockchain tracking platform Lookonchain, the whale liquidated his position in the TRUMP memecoin at a loss of $24.4 million. The blockchain-tracking platform says the whale acquired 763,582 TRUMP tokens about a month ago at a price of $33.9 million but has now sold the stash at approximately $9.48 million. Per Lookonchain, the whale had previously turned a profit on the memecoin before the loss-making trade. “This whale had already made $11.8 million on…
Crypto strategist Michaël van de Poppe is outlining a potential path for Bitcoin (BTC) that he believes would lay the groundwork for the next phase of the bull market. The analyst tells his 777,600 followers on the social media platform X that bearish sentiment for crypto is at a high, suggesting that the bottom for the current market correction is close. According to the trader, Bitcoin’s latest move below $90,000 is designed to tap resting buy orders before igniting the next leg up. “Bitcoin needs to take all the liquidity. That’s what we’re currently doing. Ultimate bottom case? $83,000-87,000. Then…
Tether CEO Paolo Ardoino says USDT will help to successfully keep the US dollar on top of the global financial power structure. In a new post to the social media platform X, Ardoino makes his argument for why USDT is the “most successful tool” for the US dollar maintaining its hegemony. “Tether built, over the last decade, the widest physical and digital distribution network, spacing from thousands of kiosks in Africa and South America to digital remittances platforms, from payment backbones to institutional tools. Every single day our teams and portfolio companies are with their boots on the ground in…
Venture capitalist Chris Burniske says that the current dip in digital assets is typical of any bull market cycle. In a post on the social media platform X, Burniske, the former head of crypto at Cathie Wood’s ARK Invest and current partner at Placeholder, points out other corrections in the 2021 bull market cycle that ultimately preceded new highs. “In the middle of 2021: BTC drew down 56%ETH drew down 61%SOL drew down 67%Many others 70-80%+ You can come up with all the reasons for why this cycle is different, but the mid-bull reset we’re going through isn’t unprecedented. Those…
Digital assets markets are plummeting following Bitcoin’s (BTC) loss of the $90,000 level and subsequent collapse to $86,141, triggering severe corrections in most altcoins as well. According to crypto data aggregator CoinGlass, there have been over $1.58 billion in liquidations in the last 24 hours, most of them leveraged long positions in Bitcoin. The market correction follows last week’s record-shattering Bybit hack. The Lazarus Group, a prolific North Korean cybercriminal outfit known for numerous high-profile hacks on major crypto platforms, is alleged to have committed the hack and made off with nearly $1.5 billion worth of Ethereum (ETH) and Lido…
A seasoned trader and analyst is warning that the future appears perilous for altcoins as the US stock market flashes worrying signs. The trader pseudonymously known as The Flow Horse tells his 9,120 Telegram subscribers that with the exception of Bitcoin (BTC), crypto assets could be at the “beginning of a depressing bear market.” According to the analyst, the pump-and dump-schemes linked to memecoins witnessed over the past few weeks are “massively overdone” and could mark the “jump the shark” moment for grifting in the crypto space. According to the trader, another reason that has made him bearish is the…
Widely followed crypto strategist Michaël van de Poppe believes that one Ethereum (ETH) rival is in a position to ignite a real bullish phase. Van de Poppe tells his 776,000 followers on the social media platform X that the layer-1 protocol Near (NEAR) appears to be carving a cycle bottom. The analyst says that NEAR is likely in the final stages of its accumulation phase before kicking off a bull run. “This is a typical chart of a standard Altcoin bull run. At first, it runs up, then fully corrects before the real run occurs. Those runs start from the…